At first glance, AgFunder’s Global AgriFoodTech Investment Report makes for pretty bleak reading, showing a 44% drop in investment in the sector in 2022 compared to 2021. But beyond the headline figures, there’s a more nuanced story to tell – and looking forward, it’s not all bad news.
Using technology to solve consumer concerns is nothing new in the 21st century. But two brothers from Geraldton in Western Australia have taken it to a whole new level, utilising blockchain expertise to track premium Australian food from the farm gate to its final destination in China – and facilitating sustainable, and global consumer interactions.
The application of agtech is often positioned to improve operational efficiency, profitability and sustainability. But could this narrow definition be limiting the adoption of agtech on farm and in the supply chain?
Government, industries and companies are stepping up their climate commitments and evokeAG. 2023 highlighted the opportunities and potential challenges for agriculture in tapping into the carbon market. A panel of experts working in this space argued there’s more than one way for farmers to cash in on soil carbon and climate friendly management practices, but that data is the key.
Australian agriculture is in the early stages of a dramatic disruption and a subsequent transition. There is rapid innovation across the entire value chain, investment in developing and scaling world-changing technologies and solutions, and we’re setting bullish targets on sustainability and environmental measures. But are we running the risk of leaving our farmers behind? Here farmer, Farmers2Founders project manager and evokeAG. 2023 Future Young Leader, Matt Anderson urges the Australian agtech industry to not leave our farmers behind.
Australia has the third largest marine area in the world and the ‘blue economy’ already contributes more than $81 billion* to the nation’s bottom line. And like land-based agriculture, there’s increasing pressure for the sustainable use of ocean resources for economic growth and to produce food and energy, while conserving the ecosystem.
Between a growing global population and the effects of extreme weather events, food security and climate change are intrinsically linked.
One Aussie startup is putting agriculture at the centre of the fight against climate change, using microbial technology to remove carbon from the atmosphere and boosting soil quality for farmers – at the same time.
There’s a wealth of innovative technology at a farmer’s fingertips, and plenty more on the way. But how do farmers make sense of all the data available generated from this technology and choose the right tools to run their businesses? What is holding farmers back from taking up this new technology and what does industry or government need to do to assist?